Toluene prices went down in Korea due to decreased downstream demand and lower upstream product prices. In the initial days of the last week, prices were at US$ 1180/ton down US$ 20/ton from its previous week. In China, Toluene prices were assessed at US$ 1210/ton CFR China.
Speculators assessed spot prices in the range of US$ 1175-1180/ton FOB Korea. In Japan, Toluene prices showed similar trend and were assessed in the range of US$ 1195-1200/ton CFR Japan. In S.E. Asia, prices were witnessed in the range of US$ 1215-1220/ton CFR S.E. Asia.
In Europe, Toluene prices went up due to limited regional availability. In the initial days of the reporting week, prices were spotted at US$ 1445/ton higher by US$ 45/ton, as compared to the same period of its previous week.
Prices were witnessed in the range of US$ 1425-1445/ton FOB Rotterdam during the week. Contract prices for September settled at US$ 1260-1305/ton FOB NWE.
Prices were stable in US. In the initial days of the week, prices were at 420 (cents/gallon) slightly lower as compared to the previous week. Prices were in the range of 420-425 (cents/gallon) FOB US.
Fibre2fashion News Desk - India